Management of corporate responsibility
Trust and appreciation are earned through responsible conduct.
It is essential for the continuity of our business that our stakeholders, such as customers, shareholders, personnel and partners, trust us. Trust and appreciation are earned through responsible conduct.
For us, responsibility means that we strive to promote a sustainable, energy-efficient living environment with our products and services, to secure a safe and healthy working environment and, for our part, to ensure good business conduct throughout our supply chain.
Good financial performance is the key precondition for our existence. However, we do not try to achieve it at any price.
Management of responsibility is integrated into all management
The objective is that everything we do reflects responsible way of working. The corporate responsibility activities are included in the normal management of the Group on all organisational levels.
Responsible conduct is guided and defined by the following elements:
- Our values, leadership principles and corporate culture
- Our Code of Conduct
- Our governance principles
We are committed to good corporate governance and comply with all of the recommendations of the Finnish Corporate Governance Code issued by the Finnish Securities Market Association.
Steering group promotes responsibility at the Group level
The Management Board member who is in charge of business development in the Group is also in charge of the management of corporate responsibility. The responsibility steering group is responsible for the development and co-ordination of corporate responsibility matters at the Group level. The Vice President, Business Development acts as a chair of the steering group, and the members are the Vice President, Marketing and Communications, the Corporate General Counsel, the Senior Vice President, Human Resources.
The responsibility steering group reports to the Group’s Management Board and forwards to it any matters that require action from business areas and countries. The CEOs in each country are locally responsible for the enforcement of decisions.
We follow the GRI guidelines in reporting
We report corporate responsibility-related information normally once a year in our Annual Report and on our website. The 2013 report has been compiled in applying the G3 guidelines of the Global Reporting Initiative (GRI).
According to our own estimate, we apply the guidelines at C level. An independent third party, PricewaterhouseCoopers Oy, has checked that reporting meets GRI’s Application Level C requirements.
We are included in the OMX GES Sustainability Finland index
The index includes those companies listed on NASDAQ QMX Helsinki that meet the international criteria for environmental and social responsibility and corporate governance. GES Investment Services, the leading North European research institute and service provider in responsible investment, performs an assessment once a year.